Market closes the week strong, gaining 3.44%

It was a four-day trading week on The Nigerian Stock Exchange (NSE) as the Federal Government of Nigeria declared Monday 12th of December, 2016 as Public Holiday in commemoration of the Eid-el-Maulud Celebration.

Meanwhile, The NSE All-Share Index and Market Capitalization appreciated by 3.44 per cent to close the week at 26,707.10 and N9.189 trillion respectively.

Similarly, all other Indices finished higher during the week with the exception of the NSE Insurance, NSE Consumer Goods and NSE Lotus II Indices that depreciated by 0.53 per cent, 1.68 per cent, and 0.46 per cent respectively while the NSE ASeM Index closed flat

A total of 40 equities appreciated in price during the week, higher than twenty-seven (27) equities of the previous week. Nineteen (19) equities depreciated in price, lower than thirty-six (36) equities of the previous week, while one hundred and sixteen (116) equities remained unchanged higher than one hundred and twelve (112) equities recorded in the preceding week.

, a turnover of 1.656 billion shares worth N12.580 billion in 12,860 deals were traded in the week by investors on the floor of the Exchange in contrast to a total of 894.759 million shares valued at N10.629 billion that exchanged hands last week in 13,418 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.504 billion shares valued at N6.183 billion traded in 7,311 deals; thus contributing 90.82 per cent and 49.15  per cent  to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 51.395 million shares worth N4.753 billion in 2,027 deals. The third place was occupied by the Conglomerates Industry with a turnover of 46.282 million shares worth N52.408 million in 553 deals.

Trading in the top three equities namely – Union Bank Nigeria Plc, United Bank For Africa Plc and FCMB Group Plc (measured by volume) accounted for 865.701 million shares worth N3.370 billion in 999 deals, contributing 52.26 per cent and 26.79 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 2.439 million units of Exchange Traded Products (ETPs) valued at N18.276 million executed in 15 deals, compared with a total of 2,850 units valued at N355,162.85 transacted last week in 21 deals.

A total of 411 units of Federal Government Bonds valued at N428,995.77 were traded this week in 1 deal. However, there was no bond traded last week.